The new report by Expert Market Research titled, ‘Latin America Confectionery Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Latin America Confectionery Market, assessing the market based on its segments like product type, and distribution channel. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 7.8 Billion
  • Forecast CAGR (2021-2026): 1.5%
  • Forecast Market Size (2026): USD 8.5 Billion

Brazil, among the major Latin American countries, has a large share of the region’s confectionery market and is expected to continue to do so in the forecast period. This can be attributed to the region’s growing food and beverage industry as well as its growing middle-class population. In addition, the confectionery export market in Brazil has grown significantly in recent years.

Industry Definition and Major Segments

Confectionery products are those that contain a high amount of sugar. Typically, these are used as sweeteners. Confectioneries include chocolate candies, gum, ice cream, frozen desserts, and sweet baked goods, among other things. Chocolate confectionery and sugar confectionery are two common categories for confectioneries.

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Based on product type, the market is divided into:

  • Chocolate
  • Non-Chocolate
  • Gums and mints
  • Others

Based on distribution channel, the industry can be segmented into:

  • Supermarkets and hypermarkets
  • Convenience stores
  • Special stores
  • Online
  • Others

Market Trends

The increasing demand for confectionery in Latin America is being driven by the growing middle-class population. The growing chocolate industry, which appeals to both children and adults, is helping to drive the region’s confectionery market forward. In the coming years, growing food industry demand, rising consumer demand for packaged food products, and an expanding retail sector in the region are expected to aid market growth.

Key Market Players

The major players in the market are The Hershey Company, Mars Incorporate, Mondelez International, Arcor Group, Nestlé S.A, and Canels Group. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.